Categories Earnings, Others, Research Summary

Shree Renuka Sugars Limited Q3FY23 Earnings

An agricultural and bioenergy company operating throughout the sugar value chain is Shree Renuka Sugars Ltd. It creates ethanol, electricity, sugar, and other things. The business, which markets its goods under the Madhur brand, is a market leader in India’s packaged sugar sector.

Financial Results:

Due to rising costs and a buildup of inventory, Shree Renuka Sugars, a Wilmar Sugar Holdings subsidiary, reported a 65% decrease in net profit for the December quarter, falling to 15 crore from the 43 crore recorded in the same time last year.

Operational revenue climbed to 2,552 crores from 2,006 crores. The total cost increased to 2,548 crore.

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